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City Report · NC

Conover

Pop. 8,580·28th most expensive in North Carolina·Rental market data updated monthly for Conover, NC
Median rent (all units)
$1,950/mo
Year-over-Year
Stable
Month-over-Month
+21.9%
vs US Median
-$12
Rising (Monthly)
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Most AffordableMost Expensive
Conover · $1,950
More expensive than 56% of US cities · National median $1,962/mo
Affordability
35% of income
MODERATE
0%30% benchmark60%+

At $1,950/mo, rent takes about 35% of the local median household income, slightly above the 30% benchmark.

Income to afford
$78,000/yr
Local median income
$65,972/yr
Based on the 30%-of-income rule using Conover's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$810
1 BR
$840
2 BR
$1,030
3 BR
$1,310
4 BR+
$1,540
Fair Market Rent (HUD)
$1,030/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,950 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$23,400/yr
At $1,950/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +21.9% MoM), not inventory.
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Demographics

Who lives here

Conover, NC is majority owner-occupied, has a large share of families with children, has a median income below the national average, 23.8% of residents hold a bachelor's degree or higher.

Population
8,580
Median income
$65,972
Median age
36.8
Renters
31%
Age distribution
30.5%
17.1%
25.8%
18%
Under 1830.5%
18–3417.1%
35–5425.8%
55–648.6%
65+18%
Gender
50.3%
49.7%
Male50.3%
Female49.7%
Race & ethnicity
68.1%
22.2%
White68.1%
Black3.3%
Hispanic22.2%
Other6.2%
Education (25+)
13.1%
32.5%
30.6%
23.8%
No HS diploma13.1%
HS diploma32.5%
Some college30.6%
Bachelor's+23.8%
Housing tenure
69%
31%
Owner69%
Renter31%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Conover, NC has changed in 5 years

Income
$47,923 → $65,972
up 37.7%
Population
8,393 → 8,580
up 2.2%
Renter share
31.4% → 31%
-0.4 pts
Bachelor's+
20.2% → 23.8%
+3.6 pts
Median age
40.7 → 36.8
-3.9 yrs

Census figures show median household income at $65,972 today, compared with $47,923 five years earlier. Census counts show Conover, NC adding about 187 residents over the five-year window, up 2.2% on net. Bachelor's-degree-or-higher attainment moved from 20.2% to 23.8% across the same window.

Community

Discussions about Conover

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View Conover rent history (2015–2026) →
Salary vs rent

Can you afford rent in Conover on your salary?

At $1,950/mo, how Conover rent compares to typical pay (30% rule).

By apartment size

Conover rent by bedroom count

Median rent for each apartment size in Conover. Click any size for full breakdown.

Local insights

Tips for renters in Conover

About renting in Conover, NC

Last updated: June 22, 2026

The median rent in Conover is $1,950/mo as of June 2026. A studio apartment averages $810/mo while a 2-bedroom runs $1,030/mo. One-bedroom apartments average $840/mo and 3-bedroom units go for $1,310/mo.

At 35% of local median household income ($65,972/yr), Conover ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Conover an affordable city for renters?

Conover is considered moderate for renters. At $1,950/mo, rent takes approximately 35% of the local median household income ($65,972/yr). The standard benchmark is 30%. Conover slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Conover?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,950/mo in Conover. The local median household income is $65,972/yr, meaning the typical Conover household falls short of that threshold.

Is rent going up or down in Conover?

Rent in Conover has been relatively stable over the past year, with a 0.0% change year over year as of June 2026.

How does Conover rent compare to other cities in North Carolina?

Conover is one of the pricier cities in North Carolina for rent, ranking #28 out of 124 tracked cities at $1,950/mo.

Which nearby cities are cheaper to rent in than Conover?

Several nearby cities have lower median rents than Conover ($1,950/mo): Newton ($1,236/mo), Lincolnton ($1,288/mo), Hickory ($1,492/mo).

What percentage of Conover residents rent vs. own?

According to Census data, approximately 31% of Conover households are renters, while 69% are owner-occupied. Conover leans toward homeownership, which can mean a smaller rental inventory.

How does Conover rent compare to the national average?

Conover's median rent of $1,950/mo is $12 (1%) below the US national median of $1,962/mo. Within North Carolina, it ranks #28 out of 124 tracked cities.
Income Affordability
35%
MODERATE

At $1,950/mo, rent takes ~35% of Conover's median household income ($65,972/yr). The standard benchmark is 30%.

Conover 35%Benchmark 30%
State income tax4.5%
Run the Conover affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Conover, NC

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